Cohen Investment Advisors LLC Buys 259,092 Shares of The Home Depot, Inc. (NYSE:HD)

Cohen Investment Advisors LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2,892.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,051 shares of the home improvement retailer's stock after purchasing an additional 259,092 shares during the quarter. Home Depot makes up about 2.6% of Cohen Investment Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Cohen Investment Advisors LLC's holdings in Home Depot were worth $98,238,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Asset Planning Services Inc. LA ADV grew its stake in shares of Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares in the last quarter. Norges Bank acquired a new stake in Home Depot in the fourth quarter valued at $5,032,910,000. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $2,212,546,000. Finally, Northern Trust Corp lifted its stake in Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

NYSE:HD traded down $1.67 during trading hours on Monday, hitting $367.07. The company's stock had a trading volume of 4,600,146 shares, compared to its average volume of 3,424,667. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The stock has a fifty day simple moving average of $363.55 and a 200-day simple moving average of $377.27. The company has a market capitalization of $365.21 billion, a P/E ratio of 24.90, a PEG ratio of 3.51 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $3.63 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.51%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Truist Financial raised their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.